7 Things to Do if You Are Drowning in Debt
Are you drowning in debt? Here are some helpful tips to help you manage and reduce your debt. 1. Create a Budget 2. Increase Your Income 3. Use the Debt Snowball Method 4. Refinance your Debt 5. Stop Using Credit Cards 6. Cut Back on Extras 7. Stop the Comparison Trap 1. Create a Budget […]
What is Dischargeability of Debt?
Dischargeability of Debt The dischargeability of debt is a legal concept that plays a crucial role in bankruptcy cases. When an individual or a business files for bankruptcy, it allows them to eliminate or restructure their outstanding debts and obtain a fresh start. [1] Not all debts can be discharged through bankruptcy. The concept of […]